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$636,888

305 5375 VICTORY STREET

Burnaby · MLS® R3171709

2 bed · 2 bath · 1,030 sq ft · 1 parking

Condo · Single Family · built 1991 · 5 days on market

Listed by Jenna Parkes, Sutton Group-West Coast Realty

PENTHOUSE, CORNER UNIT & STEPS TO THE SKYTRAIN! This bright and spacious 2-bedroom, 2-bathroom home offers a desirable split-bedroom layout, updated kitchen and bathrooms, oversized primary bedroom with walk-in closet and built-in organizers, in-suite laundry, and plenty of natural light. Unbeatable location just steps to Royal Oak SkyTrain Station, Metropolis at Metrotown, restaurants, shops, groceries, parks, schools and more. A fantastic opportunity in one of Burnaby´s most convenient neighbourhoods. Book your showing today!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,030 sq ft
Parking: 1
Year built: 1991
Property tax: $2,282 / yr
Strata fee: $420 / mo ($0.41 / sq ft)
Strata rules: Pets not Allowed, Rentals Allowed With Restrictions
Days on market: 5
MLS®: R3171709

Buying in a building from 1982 to 2000: what to read first

Below typical for the area (-29%)

2026 assessment: $688,000 · asking is -7.4%
Price per sq ft: $618 vs $869 median for condos in Burnaby for sale (991)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Central location
Elevator
Pets not Allowed
Rentals Allowed With Restrictions
All

Found among the listing photos.

On market 5 days

Listed now: 55 days; median for 991 condos for sale; this one 5 days

Condos in Burnaby. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,385/mo

Mortgage $2,775 · Tax $190 · Strata $420

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$2,775/ monthly

loan $509,510

25-year amortization

down payment20% · $127,37820%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $322,948
property transfer tax: $10,738; BC general rate
cash to close: $138,115; down + PTT
total paid: $832,458

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,325/mo
After all costs: −$1,281/mo
Cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,775 · tax $190 · strata $420 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Central Park/Metrotown, Burnaby (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

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